We are in a deflationary spiral as is the rest of the developed world. In an interesting twist of fate (for you Dylan lovers out there), paper currencies are strengthening making debt loads more onerous. Gold is going to drop like a rock under these conditions. You should be glad to see gold stocks and gold decline in price because you will be able to get them (much) cheaper down the road. I love steak. When I see the price for sirloin go down I don't weep I rejoice! So chill out -- and come back later in the fall and scoop this up for $12. Don't overpay.
YOU ARE AN IDIOT AND A FOOL. You don't know what the POG will be, could be up as much as you say down. I suppose you already know the results of the up coming election, the results of the fiscal cliff, the ECB's up coming effort, and the winning numbers for the next power ball drawing. Dylan has a good song about you called IDIOT WIND, nothing worth reading anymore on ignore you go BYE BYE IDIOT BAYOU!
Your an idiot and the biggest SHORT sighted person here. Its not the FED who will probably do some QE, tomorrow Dragi and Europe will ease, they are in a recession and your so wishy washy up and down why don't you just get out of this game.